Give your child the ultimate head start with a plan that combines life cover with savings for their education. Set your savings goal as the insured amount and we’ll help you stay on track. You can choose to let the plan mature when your child reaches 2214, or withdraw cash early to cover things like school fees or private tuition. Withdrawals are subject to Surrender Charge in the first ten policy years. Please refer to “Surrender Charge” under “Details of Charges” for details

This is a long term universal life insurance plan underwritten by HSBC Life (International) Limited.

Key features

  • Financial flexibility to adjust the sum insured if needs change15
  • Choose to boost your account value with unscheduled premiums5
  • Earn daily interest – at least 2% p.a. on your account value for the first 8 years
  • Enjoy a loyalty bonus2 on your savings when the policy matures
  • Enjoy additional protection benefits on terminal illness and payor’s benefits at no extra charges
  • At policy maturity, your child can get new life cover without underwriting

Product Discount Offer

Enjoy up to 1.5% discount off your first year premium upon successful application of Goal Access Universal Life Plan (Education).

Promotional terms and conditions apply. Please visit branch for details.

Need to make a claim?

Fax us with the completed claim form

Manage your policy

Manage your policy online

At HSBC, we understand life never stands still. Which is why you can make changes to your policy online anytime.

 

It's easy to:

  • check or review your policy details
  • change premium payment instructions, including your premium payment account, payment method or payment frequency
  • request for withdrawal from policy account value and select your preferred settlement option

Make a claim

Sometimes life doesn’t go according to plan and you’ll want to make an insurance claim as soon as possible.

 

Simply call our Tele-Consultants at (852)3128 0122 who will assist you in preparing your relevant claim request(s).

Related products

Family playing in sofa; image used for HSBC  Goal Access Universal Life Plan (Protection)
 

Build a reserve of savings and enjoy peace of mind with flexible life cover that can be adapted to fit your changing needs.

 

Note: Goal Access Universal Life Plan (Protection) is not equivalent or similar to any kind of deposit.

Happy family is reading books in bed; image used for Income Goal Insurance Plan.
 

Business to fund? School fees to pay? Perhaps you are simply looking forward to a comfortable retirement.

 

Note: Income Goal Insurance Plan is not equivalent or similar to any kind of deposit.

Couple are riding motor cycle in excitement; image used for HSBC EarlyIncome Annuity Plan
 

Saving up for your retirement whilst apply for tax deduction on premium paid for the plan under salaries tax and personal assessment with Inland Revenue Department.


Note: Tax deduction is at Inland Revenue Department’s discretion. HSBC EarlyIncome Deferred Annuity Plan is a long-term participating life insurance product with a savings element and is not equivalent or similar to any kind of deposit.

Endnotes

1 Goal Access Universal Life Plan (Education) is not equivalent or similar to any kind of deposit.

2 For details, please refer to “Loyalty Bonus” under the section “Product Summary” in the product brochure.

3 Interests according to the prevailing General Crediting Interest Rate are credited to the Account Value. The General Crediting Interest Rate, though it is not guaranteed and may vary while your Policy is in force, will not be less than the Guaranteed Minimum Crediting Interest Rate.

4 The general Crediting Interest Rate is not guaranteed and may vary while your policy is in force. After the 8th policy year, the guaranteed minimum crediting interest rate is 0% p.a.

5 The minimum amount of Unscheduled Premiums per transaction is USD625, which is subject to change by the Company from time to time. The acceptance of the Unscheduled Premium is at the Company’s discretion.

6 Withdrawals will reduce the account value which may reduce the death benefit and increase the chance of policy lapses.

7 Please refer to Summary of Plan at the Product Brochure.

8 Terminal illness benefit will terminate upon the payout of this benefit or the policy is terminated (whichever is the earliest). Please refer to the relevant supplemental benefits provisions for the detailed terms and conditions.

9 Subject to availability.

10 Payor’s Benefit is applicable to policyholder aged 1914 to 6014 who is the holder of the Hong Kong Identity Card or Macau Identity Card. This benefit will terminate upon the Policy Anniversary at which the policyholder’s age11 at next birthday is 65 or the life insured’s age11 at next birthday is 22 or the policy is terminated or paid up (whichever is the earliest). This benefit is not applicable for single premium policies. Please refer to the relevant supplemental benefits provisions for the detailed terms and conditions.

11 The Policy Anniversary at which you reach the specified age based on age at next birthday.

12 The Planned Premium is determined according to the age and gender of the life insured, sum insured, payment term, policy currency and a variety of health and lifestyle factors. All Planned Premiums must be paid during the premium payment period selected upon policy application.

13 Surrender charge ranging from 1% to 55% applies during the first 8 policy years. For a policy being surrendered in early years, the surrender proceeds to be received under the policy may be significantly less than the premiums paid and you could lose all your premiums paid in the worst scenario.

14 Age means age at your child’s next birthday. If your child is 21 now, we consider to be 22.

15 Increasing the sum insured is subject to (i) underwriting; and (ii) increase the policy expense charge and insurance charge. Reducing the sum insured may induce surrender charge13.

 

Disclaimers

The policyholder is subject to the credit risk of HSBC Life (International) Limited.

If the policyholder discontinues and / or surrenders the insurance plan in the early policy years, the amount of the benefit he / she will get back may be considerably less than the amount of the premium he / she has paid.

Past, current, projected and / or potential benefits and / or returns (e.g. bonuses, dividends, interests) presented herein are not guaranteed and are for illustrative purposes only.

The actual future amounts of benefits and / or returns may be lower than or higher than the currently quoted benefits and / or returns.

Goal Access Universal Life Plan (Education) is underwritten by HSBC Life (International) Limited ("the Company") which is authorised and regulated by the Insurance Authority (IA). The Hongkong and Shanghai Banking Corporation Limited (referred to as "HSBC") is an insurance agent authorised by the Company. Your benefit is subject to the credit risk of the Company. Your premiums paid will form part of the Company's assets. You do not have any rights or ownership over any of those assets. Your recourse is against the Company only. This product is a product of the Company but not HSBC and it is intended only for sale in the Hong Kong SAR.

Please refer to the respective product brochure for detailed features and the policy provisions for the detailed terms and conditions.

HSBC Life (International) Limited is incorporated in Bermuda with limited liability, and is one of the HSBC Group's insurance underwriting subsidiaries.